Molded case circuit breakers (MCCB) are electrically operated switches that provide electrical circuit protection against both overloads and short circuits in low voltage distribution systems.
Globally, Schneider Electric, Siemens, ABB, Eaton, Mitsubishi Electric, Rockwell Automation, Changshu Switchgear, Legrand, Fuji Electric, Hager, Nader, CHINT Electrics, LS Electric, are some key leaders. Schneider Electric, Siemens, ABB keep the top 3 places and hold about 30% revenue share in 2020. There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.
Nowadays, there are two mainly types of Moulded Case Circuit Breaker (MCCB), including Thermal-Magnetic Type MCCB and Electronic Type MCCB. Thermal-Magnetic Type MCCB is the main type of Moulded Case Circuit Breaker (MCCB), and its sales volume reached to approximately 37192.44 K Units in 2020, with 67.62% share globally.
The global Moulded Case Circuit Breaker (MCCB) market is expected to reach 5,253.12 million USD by 2027 from 3,485.19 million USD in 2020, growing at a CAGR of 5.93% between 2021 and 2027. Factors such as continued modification in electricity infrastructure and ever-rising electricity production and consumption are driving the growth of the global molded case circuit breakers market. These days, countries are investing in the development of electricity infrastructure in order to provide more efficient, reliable, and competitive public service. Global demand for electricity is rising rapidly owing to factors such as increasing population growth and industrialization. Growing inclination toward using more reliable electricity protection devices is one of the fundamental factors responsible for the growing demand for molded case circuit breakers. Adoption of cost effective, reliable, and technologically advanced electricity protection devices is growing rapidly. Constant growth across the electrical equipment industry, construction and infrastructure projects, and manufacturing of technologically-advanced aerospace equipment and automation vehicles are some of the major factors supporting the growth of the molded case circuit breakers market.
Asia-Pacific accounted for the largest sales share in 2020. The region is characterized by the presence of a large number of service providers, especially in the China and Japan. At the same time, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.
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